I am looking at some very nice properties in playa del carmen, and a luxury 1br  1ba can be as inexpensive as 50k.

Getting a peak behind the curtain and learning things about a deal in real time is priceless, not to mention (and probably most important) is you'll gain some nice credibility for the future when talking to brokers, investors, etc. 

The county will suffer when property values drop due to abandoned unmaintained houses in the middle of nice neighborhoods and the reduction in investor interest.

It's likely that before you know it, days will have turned into weeks, and weeks will have turned into months, and months will have turned into years and the tenants will have paid off your mortgage in exchange for a nice place to live and you, not NBKC, will own the asset.  :-)

I wouldn't even consider running an Open House on a very nice place in jeans and a T-shirt.

But I do agree you’re looking at $250-$270k for a nice place in a good neighborhood. 

I'm thinking the top half would be nice since I wouldn't have to hear footsteps above my head.

He doesn't write deals often but every now & again if he feels like helping out someone with similar interest like you he can earn a nice check from it.When I originally got my license I never intended to work on any deals other than my own.

It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.

It would be incredibly difficult (probably impossible) to find a house this nice and with everything brand new (HVAC, water heater, appliances, floors, paint, roof, siding, ETC) for only $30k all-in.